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7 Brew Coffee (GL)
11418 West Markham Street, Little Rock, AR 72211
$1,400,000
Cap Rate 6.00%
Summary
| Price $1,400,000 | Built/Renov 2023 | Tenant 7 Brew Coffee (GL) |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
510
| Lease Start
03-01-2023
| #Units
27
|
| Price/SF $2,745.10 | Expiration
02-28-2038
| Tenant Type Fast Food/QSR |
| NOI $84,000 | R. Term 14.2 | Ownership Ground Lease |
| Rent/SF
$164.71
| Increases 8.5%/5/yrs | Pop 5Mi 125,865 |
| Lot/AC 0.39 | Options 3/5yrs/8.5% | AHHI 5Mi $97,413 |
| | |
Lease Highlights
- Brand new 2023 construction
- 7 Brew lease to commence in March 2023 and features a 15-year base term with 3 (5-year) options to extend
- Lease contains 8.5% rental escalation every 5 years and at the beginning of each option period
- Strong personal guarantee operates the #1 7 Brew in the entire system
Location Description
This newly constructed 510 SF 7 Brew is strategically located along W Markham Street with clear visibility and access to more than 26,000 vehicles passing by daily. The building will include a double lane drive-thru and sits as an out parcel to a highly visited shopping center, Markham West Center. On average, stores with drive-thrus experience higher sales than those without. The asset is...
...Features
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New construction
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Dense retail corridor
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Near major nationals
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Shopping Ctr out-parcel
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Freeway close
-
Dense 100M+ pop 5 mi
-
Top 100 MSA
-
Brand new lease
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Absolute NNN
-
Personal guarantee
...
Maps
Tenant
- Tenant: 7 Brew Coffee (GL)
- Guarantor:Franchisee
- Company:Franchisee
- # Units:27
- Stock:Private
About Tenant
7 Brew Coffee is an American drive-thru coffee chain that focuses on bringing high-quality, locally roasted, and fresh coffee beans to the market. The Arkansas-based coffee stands have a retro...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,267 | 70,059 | 126,803 |
| 2023 Total Population : | 8,387 | 70,535 | 126,069 |
| 2023 Employed Civilian Pop : | 4,804 | 37,504 | 65,830 |
| 2023 Total Businesses : | 1,097 | 3,627 | 6,515 |
| 2023 Average Household Income : | $ 74,578 | $ 102,736 | $ 106,593 |
| 2023 Total Consumer Spending : | $ 274 M | $ 2845 M | $ 5152 M |
| 2023 Median Age : | 35 | 39 | 39 |
| 2023 Total Households : | 4,182 | 32,117 | 56,143 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,783 | 15,073 | 26,370 |
| 2023 Average Home Value : | $ 195,464 | $ 279,188 | $ 306,548 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| North Bowman Road | W Markham St | 2021 | 18,000 | 0.19 mi |
| South Bowman Road | Westhaven Dr | 2021 | 16,000 | 0.25 mi |
| Mara Lynn Road | Mara Lynn Dr | 2021 | 7,900 | 0.26 mi |
| West Markham Street | Entergy Ct | 2021 | 23,000 | 0.31 mi |
| Mara Lynn Road | N Bowman Rd | 2018 | 15,000 | 0.32 mi |
| MARALYNNRD | N Bowman Rd | 2021 | 13,000 | 0.33 mi |
| West Markham Street | Shackleford Dr | 2021 | 26,000 | 0.34 mi |
| Mara Lynn Rd | N Bowman Rd | 2017 | 14,000 | 0.36 mi |
| Chenal Parkway | Autumn Rd | 2021 | 38,000 | 0.46 mi |
| Chenal Pkwy | Westhaven Dr | 2016 | 35,000 | 0.50 mi |
